Pitney Bowes Inc. (PBI) To Go Ex-Dividend on November 17th
Pitney Bowes Inc. (NYSE:PBI) announced a quarterly dividend on Friday, November 11th. Investors of record on Monday, November 21st will be given a dividend of 0.1875 per share on Monday, December 12th. This represents a $0.75 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Thursday, November 17th.
Shares of Pitney Bowes (NYSE:PBI) opened at 14.94 on Wednesday. The company has a 50-day moving average price of $16.85 and a 200-day moving average price of $18.04. The firm has a market capitalization of $2.78 billion, a P/E ratio of 10.87 and a beta of 1.45. Pitney Bowes has a 12-month low of $14.22 and a 12-month high of $21.81.
Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $839 million for the quarter, compared to analysts’ expectations of $851.82 million. Pitney Bowes had a net margin of 8.02% and a return on equity of 256.96%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 earnings per share. Equities analysts predict that Pitney Bowes will post $1.73 EPS for the current year.
A number of analysts have recently issued reports on PBI shares. Brean Capital reaffirmed a “buy” rating and set a $20.00 price objective (down from $24.00) on shares of Pitney Bowes in a report on Wednesday, November 2nd. Zacks Investment Research raised shares of Pitney Bowes from a “sell” rating to a “hold” rating in a report on Friday, September 2nd. Finally, TheStreet downgraded shares of Pitney Bowes from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st.
In related news, insider Marc Bradley Lautenbach acquired 4,739 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The stock was bought at an average cost of $14.76 per share, with a total value of $69,947.64. Following the acquisition, the insider now owns 80,937 shares of the company’s stock, valued at approximately $1,194,630.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.43% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Teachers Advisors Inc. increased its stake in Pitney Bowes by 22.2% in the second quarter. Teachers Advisors Inc. now owns 538,422 shares of the company’s stock valued at $9,584,000 after buying an additional 97,680 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Pitney Bowes by 10.3% in the second quarter. TIAA CREF Investment Management LLC now owns 904,856 shares of the company’s stock valued at $16,106,000 after buying an additional 84,379 shares in the last quarter. Analytic Investors LLC acquired a new stake in Pitney Bowes during the second quarter valued at $3,659,000. Pacad Investment Ltd. acquired a new stake in Pitney Bowes during the second quarter valued at $212,000. Finally, Lebenthal Asset Management LLC acquired a new stake in Pitney Bowes during the second quarter valued at $712,000. 81.19% of the stock is owned by institutional investors and hedge funds.
About Pitney Bowes
Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence, and customer engagement products and solutions to help clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.
Receive News & Stock Ratings for Pitney Bowes Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pitney Bowes Inc. and related stocks with our FREE daily email newsletter.